Standard execs to receive almost 2.8m shares - papers 9th August

According to a spokesman, under the group's long-term incentive plan (LTIP), the switch from cash to shares has been carried out to make sure the scheme is in line with best practice. "Governance bodies such as the Association of British Insurers and the National Association of Pension Funds prefer to see share-based incentive schemes rather than cash ones," he added. Under the plan, the newly floated company's chief executive, Sandy Crombie, could receive a maximum of 952,716 shares - worth more than £2.39m at yesterday's closing share price of 251p - as long as a series of "demanding ...